Producer Prices in Eurozone
Eurozone - Producer Prices
Inflation falls to over two-year low in July
Complete data revealed harmonized inflation felt to 1.0% in July from June’s 1.2%, a notch below the preliminary estimate of 1.1% and marking the lowest reading since November 2016. Inflation sits sizably below the European Central Bank’s target rate of near, but under, 2.0%. The low reading further fuels expectations that the ECB will unveil fresh monetary stimulus at its September meeting. Lower inflationary pressures for energy and services drove the decline.
Annual average harmonized inflation inched down to 1.6% in July, from June’s 1.7%. Core inflation, meanwhile, dropped to 1.0% (June: 1.3%). On a monthly basis, harmonized consumer prices fell 0.5% in July, contrasting June’s 0.2% rise.
Among the countries in the common-currency bloc, Portugal experienced the weakest price pressures with harmonized prices falling 0.7% on an annual basis. On the flipside, Slovakia (3.0%) recorded the highest inflation. Regarding the largest economies in the Eurozone, inflation fell in Germany, France, Italy and the Netherlands but was unchanged in Spain in July.
FocusEconomics Consensus Forecast participants see inflation in the Euro area averaging 1.3% in 2019. For 2020, panelists expect inflation to average 1.4%.
Eurozone - Producer Prices Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -0.1 | -1.5 | -2.6 | -2.1 | 3.0 |
Eurozone Producer Prices Chart
Eurozone Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.11 | 0.65 % | Jul 31 |
| Stock Market | 1,181 | -0.52 % | Jul 31 |
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Economic News
Eurozone: Inflation falls to over two-year low in July
August 19, 2019
Complete data revealed harmonized inflation felt to 1.0% in July from June’s 1.2%, a notch below the preliminary estimate of 1.1% and marking the lowest reading since November 2016.
Eurozone: Inflation inches down in July
August 1, 2019
According to a preliminary estimate released by Eurostat on 31 July, harmonized inflation fell to 1.1% in July, from June’s 1.3%.
Eurozone: Growth halves in Q2, providing ammunition for ECB action
July 31, 2019
The Eurozone economy slowed in the second quarter of 2019, likely weighed on by a weak manufacturing sector and uncertainty.
Eurozone: Unemployment rate drops in June
July 31, 2019
Labor market conditions in the common currency bloc improved in June, according to data released by Eurostat.
Eurozone: Economic sentiment drops to over three-year low in July
July 30, 2019
Sentiment in the Eurozone continued to wane in July, falling slightly to an over three-year low.
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